China is making a big move as the New Year approaches….
China is sanctioning several large U.S. Companies due to the recently announced arms sales to Taiwan, and retaliation sanctions against Chinese companies doing business with Russia.
China’s Foreign Ministry on Sunday sanctioned the companies BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat and Data Link Solutions.
China announces sanctions on five American defense-related companies in response to U.S. arms sales to Taiwan and U.S sanctions on Chinese companies and individuals. https://t.co/vqdLXbq9HH
— NBC News (@NBCNews) January 7, 2024
via NBCNEWS:
China announced sanctions Sunday on five American defense-related companies in response to U.S. arms sales to Taiwan and U.S sanctions on Chinese companies and individuals.
The sanctions will freeze any property the companies have in China and prohibit organizations and individuals in China from doing business with them, the Foreign Ministry said in a statement posted online.
It was unclear what impact, if any, the sanctions would have on the companies, BAE Systems Land and Armaments, Alliant Techsystems Operations, AeroVironment, ViaSat and Data Link Solutions. Such sanctions are often mostly symbolic as American defense contractors generally don’t sell to China.
The Foreign Ministry said the U.S. moves harmed China’s sovereignty and security interests, undermined peace and stability across the Taiwan Strait and violated the rights and interests of Chinese companies and individuals.
h/t Flying Elvii